U.N. ‘Code Red’ Report Warns of ‘Irreversible’ Impact on Climate August 9, 2021 By Nina Chestney and Andrea Januta The U.N. panel on climate change sounded a dire warning on Monday, saying the world is dangerously close to runaway...
Investors Wary in Short-Term of China’s Unpredictable Regulation August 9, 2021 By Divya Chowdhury The unpredictability of China’s regulatory measures make the country unappealing to foreign investors in the short-term, following its latest crackdowns...
Wildfires Rage Anew Near Athens, Forcing More Evacuations in Southern Greece August 6, 2021 By Derek Gatopoulos and Elena Becatoros Wildfires rekindled outside Athens and forced more evacuations around southern Greece Thursday as weather conditions worsened and firefighters in a...
Turkish Officials Accused of Using Only 2% of Forest Protection Budget Before Wildfires August 6, 2021 By Daren Butler Turkish authorities battling the country’s worst ever wildfires have been accused of failing to prepare for the threat after official...
‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’ August 6, 2021 By Tom Sims and Alexander Hübner Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer,...
Africa Specialty Risks Launches Reinsurer in Bermuda August 6, 2021 Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced it has launched a licensed reinsurer in Bermuda. The group...
Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals August 6, 2021 By Carolyn Cohn Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events...
Allianz Posts 46% Jump in Q2 Profit, with Rosy Outlook Expected August 6, 2021 FRANKFURT – German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier...
Ratings Firm Moody’s to Acquire Catastrophe Modeler, Analytics Firm RMS for $2 Billion August 5, 2021 Moody’s Corp. has agreed to acquire RMS, a global provider of climate and natural disaster risk modeling and analytics, for...
This Summer’s Extreme Weather Hitting World’s Wealthier Countries August 5, 2021 By Seth Borenstein and Frank Jordans As the world staggers through another summer of extreme weather, experts are noticing something different: 2021’s onslaught is hitting harder...